BidaskClub Upgrades China Lodging Group (HTHT) to Buy

China Lodging Group (NASDAQ:HTHT) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.

Several other equities analysts have also recently weighed in on the company. Benchmark increased their price target on China Lodging Group from $128.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Zacks Investment Research cut China Lodging Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $99.00.

China Lodging Group (NASDAQ HTHT) opened at $138.07 on Friday. The firm has a market capitalization of $9,501.48, a price-to-earnings ratio of 59.26 and a beta of 1.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.40 and a current ratio of 1.41. China Lodging Group has a twelve month low of $46.03 and a twelve month high of $142.80.

China Lodging Group (NASDAQ:HTHT) last released its quarterly earnings results on Tuesday, November 28th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.01. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. China Lodging Group had a return on equity of 19.55% and a net margin of 14.95%. The company’s revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.28 EPS. sell-side analysts predict that China Lodging Group will post 3.19 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Ariose Capital Management Ltd bought a new position in China Lodging Group in the 2nd quarter worth $58,485,000. Axiom International Investors LLC DE raised its holdings in China Lodging Group by 29.7% in the 3rd quarter. Axiom International Investors LLC DE now owns 562,006 shares of the company’s stock worth $66,778,000 after purchasing an additional 128,700 shares during the period. Macquarie Group Ltd. raised its holdings in China Lodging Group by 51.2% in the 3rd quarter. Macquarie Group Ltd. now owns 535,157 shares of the company’s stock worth $63,588,000 after purchasing an additional 181,279 shares during the period. Fiera Capital Corp raised its holdings in China Lodging Group by 5.0% in the 2nd quarter. Fiera Capital Corp now owns 461,975 shares of the company’s stock worth $37,272,000 after purchasing an additional 21,986 shares during the period. Finally, American Century Companies Inc. raised its holdings in China Lodging Group by 18.8% in the 3rd quarter. American Century Companies Inc. now owns 424,384 shares of the company’s stock worth $50,425,000 after purchasing an additional 67,110 shares during the period. 37.18% of the stock is currently owned by institutional investors.

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About China Lodging Group

China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.

Analyst Recommendations for China Lodging Group (NASDAQ:HTHT)

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